New World Solutions To Amend Warrants

Rhea-AI Summary

New World Solutions Inc. (CSE:NEWS, OTC PINK:REGRF, FSE:RT5) has announced its intention to amend the terms of outstanding common share purchase warrants issued on June 12, 2024. The amendment, effective September 17, 2024, will add an acceleration provision to the warrants. Currently, the warrants are exercisable at $0.05 per common share until June 12, 2026. The new provision allows the company to accelerate the expiration of half of the warrants if the volume-weighted average trading price of common shares on the Canadian Securities Exchange equals or exceeds $0.07 for ten consecutive trading days. In such cases, the company can notify warrant holders, accelerating the expiration to 30 days after the notice date.

Positive

• Introduction of an acceleration provision potentially allowing faster capital raising
• Potential to incentivize earlier warrant exercise, improving cash flow

Negative

• Possible dilution of existing shareholders if warrants are exercised
• Potential for increased selling pressure if warrants are exercised and shares sold

TORONTO, ON / ACCESSWIRE / September 16, 2024 / New World Solutions Inc. (CSE:NEWS)(OTC PINK:REGRF)(FSE:RT5) ("New World" or the "Company") announces that it intends, effective September 17, 2024, to amend (the "Amendment") the terms of the outstanding common share purchase warrants issued on June 12, 2024 (the "Warrants") by adding an acceleration provision (the "Acceleration Provision").

The Warrants are exercisable at $0.05 per common share of the Company (the "Common Shares") until June 12, 2026. Following the Amendment, the amended Warrants will be subject to the Acceleration Provision whereby if the volume weighted average trading price of the Common Shares on the Canadian Securities Exchange (the "CSE") for any ten consecutive trading days equals or exceeds $0.07, the Company may, upon notifying the holder of the Warrant, accelerate the expiration of half of the Warrants held by such holder to the date that is 30 days following the date of such notice.

About New World
New World Solutions is a technology company, driving innovative solutions to new world problems. Through our blockchain and technology experience, we are leveraging solutions in the decentralized finance space as well as the electric vehicle area. We look to acquire and launch a balanced spectrum of solutions to become a leader in this dynamic tech landscape.

For additional information on New World and other corporate information, please visit the company website at https://www.newworldinc.io/.

For further information, please contact:
Paul Haber, C.P.A., C.A., C.Dir
Chief Executive Officer
New World Solutions Inc.
Phone: (416) 318- 6501
Email: phaber@newwolrdinc.io

Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information in this news release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the blockchain in general, the risk that the Transaction will not be completed as contemplated or at all. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

The Canadian Stock Exchange (the "CSE") does not accept responsibility for the adequacy or accuracy of this release.

Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: New World Solutions Inc.

View the original press release on accesswire.com

FAQ

What is the new acceleration provision for New World Solutions' warrants (REGRF)?

The new acceleration provision allows New World Solutions to accelerate the expiration of half of the warrants if the volume-weighted average trading price of common shares on the CSE equals or exceeds $0.07 for ten consecutive trading days. The expiration can be accelerated to 30 days after notifying the warrant holders.

When will the warrant amendment for New World Solutions (REGRF) take effect?

The amendment to the warrants of New World Solutions (REGRF) will take effect on September 17, 2024.

What is the exercise price and expiration date of New World Solutions' warrants (REGRF)?

The warrants of New World Solutions (REGRF) are exercisable at $0.05 per common share until June 12, 2026.

How many consecutive trading days must New World Solutions' (REGRF) stock price meet or exceed for the acceleration provision to trigger?

The acceleration provision for New World Solutions (REGRF) warrants can be triggered if the stock price meets or exceeds $0.07 for ten consecutive trading days on the Canadian Securities Exchange.